Global Net Lease (NYSE:GNL) Reaches New 52-Week High – Should You Buy?

by · The Cerbat Gem

Shares of Global Net Lease, Inc. (NYSE:GNL – Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as $8.40 and last traded at $8.2850, with a volume of 763785 shares. The stock had previously closed at $8.26.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wall Street Zen cut shares of Global Net Lease from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. KeyCorp upgraded shares of Global Net Lease from a “sector weight” rating to an “overweight” rating and set a $9.00 price target on the stock in a report on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Global Net Lease presently has a consensus rating of “Buy” and an average price target of $9.50.

Read Our Latest Report on Global Net Lease

Global Net Lease Stock Performance

The stock’s 50-day moving average is $7.90 and its 200-day moving average is $7.72. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.93. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of -5.79 and a beta of 1.13.

Global Net Lease (NYSE:GNL – Get Free Report) last announced its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. Global Net Lease had a negative net margin of 48.52% and a negative return on equity of 10.27%. The firm had revenue of $121.01 million for the quarter, compared to analysts’ expectations of $118.86 million. Global Net Lease has set its FY 2025 guidance at 0.950-0.970 EPS. On average, analysts expect that Global Net Lease, Inc. will post 1.26 EPS for the current year.

Global Net Lease Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 16th. Investors of record on Monday, October 13th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 9.2%. The ex-dividend date of this dividend was Friday, October 10th. Global Net Lease’s dividend payout ratio is -53.15%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Eastern Bank acquired a new stake in shares of Global Net Lease in the third quarter valued at about $33,000. Arlington Trust Co LLC acquired a new position in Global Net Lease during the 2nd quarter worth approximately $32,000. GAMMA Investing LLC boosted its holdings in Global Net Lease by 100.6% in the 2nd quarter. GAMMA Investing LLC now owns 5,487 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 2,752 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Global Net Lease by 180.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,953 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 3,830 shares in the last quarter. Finally, Focus Partners Wealth acquired a new stake in Global Net Lease in the third quarter valued at approximately $61,000. Institutional investors and hedge funds own 61.19% of the company’s stock.

About Global Net Lease

(Get Free Report)

Global Net Lease, Inc (NYSE: GNL) is a publicly traded real estate investment trust listed on the NYSE. The firm focused on acquiring a diversified global portfolio of commercial properties, with an emphasis on sale-leaseback transactions involving single tenant, mission critical income producing net-leased assets across the United States, Western and Northern Europe.

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